Bitcoin’s Standard Chartered reached $150,000 after halving and $100M liquidity on BlockDAG network boosted investor confidence.

Despite experiencing recent price declines and falling to $64,000 on Friday, Bitcoin is expected to witness further appreciation in value later this year and is likely to reach $150,000 per BTC, according to insights from Standard Chartered’s top cryptocurrency analyst. there is. Global financial institution, “a leading international cross-border bank connecting the world’s most dynamic markets” We expect the value of Bitcoin to continue to rise in the coming months, reflecting the ongoing positive market dynamics and investor sentiment.

Meanwhile, as we pursue ambitious expansion and growth goals, BlockDAG Network It was announced that it would receive $100 million in liquidity support at launch. This commitment to inject liquidity not only improves the financial stability of the project, but also demonstrates the strong support of investors and the trust of regular customers for the project.

SC says Bitcoin will hit $150,000 in 2024.

In March 2024, when the value of Bitcoin hit an all-time high of $73,500 per BTC, Standard Chartered revised its year-end forecast for the first cryptocurrency and raised it from $100,000 to $150,000, signaling a bullish trend. It was a signal that it was expected to continue.

As CNBC reported on Thursday, Geoff Kendrick, head of digital asset research at Standard Chartered Bank, further reinforced this optimism by predicting that Bitcoin will surge to $150,000 after the halving. This estimate represents a whopping 130% increase from the current price of $64,000. Kendrick emphasized that the decline in leveraged positions in the cryptocurrency market is a key factor driving Bitcoin’s upward trajectory, and predicted that the closure of these leveraged positions would pave the way for the market to rebound and potentially surpass previous highs.

Kendrick backed up his claims with positive catalysts, including inflows into spot Bitcoin exchange-traded funds (ETFs). He expects to receive a significant increase of $50 billion to $100 billion over the next 18 to 24 months. He also predicted significant growth in the Bitcoin ETF market, comparing it to the trajectory of gold ETFs. Standard Chartered analysts have suggested that the Bitcoin price could reach $200,000 by 2025 if Bitcoin ETF inflows reach the average estimate of $75 billion and, under favorable conditions, soar to $250,000 by the same year.

With these factors in mind, Bitcoin is likely to see significant growth in the coming weeks, driven by new market activity and investor interest.

BlockDAG Network $100M Liquidity Increases Investor Confidence

The announcement comes after the team made it clear that it was pursuing ambitious goals for expansion and growth. Now, the BlockDAG network is setting its sights high, aiming to reach the $600 million raised through pre-sale. The $100 million liquidity infusion not only strengthens the financial stability of the project, but also serves as a demonstration of strong investor support and overall confidence in the project’s potential.

Branded as the largest ICO in 2024 BlockDAG Network It has already made a big impact in the cryptocurrency market, with pre-sale amounts exceeding $20.5 million. This incredible achievement speaks volumes about the credibility of the project and the support it is receiving from the community, attracting investors from all over the world who are eager to join this journey.

In 2024, the BlockDAG network will continue to receive attention and support, with its ambitious goal of becoming an industry leader, driving innovation and reshaping the future of decentralized finance while Bitcoin reaches new heights and solidifies its value. You are in a good position to achieve it. Dominance in digital finance.